Four Seasons gets further reprieve on debt

Posted on July 1st, by editor in Caring Times. No Comments

Debt beleaguered Four Seasons Healthcare, one of the biggest care home operators in the UK, is likely to be given another ‘payment holiday’ by its major creditors.

If agreed, the postponement of a £1.5bn debt repayment deadline that fell due in the second week of May, will be the fourth extension of the group’s standstill agreement, giving the company at least another three months in which to reach an agreement with its creditors, which include Royal Bank of Scotland, Marathon Asset Management and Cheyne Capital.

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